The idea that a general cut in wages will finally lead to a state of full employment was suggested by :

Related MCQs

• In classical system which of the following keeps the economy at full employment:
• Wages and prices do not adjust quickly to restore general equilibrium is a property of
• The method consistsin deriving conclusionsfrom general truths, takesfew general principles and applies them draw conclusions.
• In classical theory of employment, there isthe possibility of:
• Employment equilibrium in the Classical theory is achievedthrough:
• Entrepreneurs will have no tendency to expand or contract output and employment when
• Who invented the General Equilibrium analysis?